Thai Billionaire to Pare Fraser & Neave Stake

Charoen's Reduction Would Keep Group Listed, Allowed Planned Spinoff

SINGAPORE—Thailand billionaire Charoen Sirivadhanabhakdi plans to pare his majority stake in Fraser & Neave Ltd. to keep the Singapore-based conglomerate listed and allow it to spin off property assets, people with knowledge of the matter said on Wednesday.

Mr. Charoen intends to reduce his stake to a range of about 87% to 88%, from 90.3% currently. He won control of the 130-year-old company, whose operations include real-estate...